To get the best student loan consolidations one must shop around as different banks and institutions offer different packages and interest rates depending on your risk profile. A good place to start is to approach a few banks to get a quote and compare these.
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Federal Student Loan Consolidation Program means combine all loan into a single pay. :Loan consolidation is the best for the student who not able to pay your fees. If any student want to continue their study and they want to take admission in top college for higher education but good college take high fee. But some time all student unable to pay your college fee then they take student loan. But after completion of education they are facing problem with pay your student loan then they require loan forgiveness or consolidation. Federal student loan consolidation is the best option to pay your all loan into single pay
ACS does not offer student loan consolidation anymore since July 2010. All consolidations should be made through the Direct Loan Program. You can find other useful information on Federal Direct Consolidation Loan website.
As of July 2010, you can get a student consolidation loan through the federal government. The interest rate can range from 6.62%-8.25%. 8.25% is cap for any student loan consolidation.
A student can find information regarding consolidation loans from their bank. You may call, walk-in, or visit the website of any major bank, and click on their loans section. It is always best to book an appointment, and speak with someone there directly.
The government, and the companies such as Finaid, and Wells Fargo offer loan consolidation. Additionally, the websites Student Aid and Consumer offer information about this subject.